HC Picks 217

May 29, 2019
by Akane Hashimoto

Category :  [ GOVERNANCE / STEWARDSHIP / FIDUCIARY ] [ BUSINESS ] [ POLICY (BOJ) ]

-Policies and business activities related to Japan investment opportunities-


 

Governance / Stewardship / Fiduciary

・Japan’s financial watchdog orders Nomura to improve business after leak

・Administrative Action against Nomura Holdings, Inc. and Nomura Securities Co., Ltd.

・Press Release: Statement on Administrative Action by Japan’s Financial Services Agency

 “People involved in this situation might not have regarded listing and exit thresholds of TSE 1st section to be insider information, but based on a fiduciary standpoint, it sure had been a misconduct.”

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Business

・Masayoshi Son names Tokyo university AI professor to SoftBank board

 “MASAYOSHI Son can’t stop talking about how artificial intelligence is going to change the world.”

・Nomura’s retreat again highlights how Japan’s banking behemoths struggle to succeed abroad

 “Who would win and how?”

・MUFG Bank to close 35% of Japan branches

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Policy (BOJ)

・Japan’s Financial Services Agency calls for financial products that focus on longevity risk

 “Asset management in a low interest environment is extremely hard for retail investors. Work longer? Spend less?”

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